WayCo Stock Was $75 Per Share at the End of Last

question 112

Multiple Choice

WayCo stock was $75 per share at the end of last year. Since then, it paid a $3 per share dividend last year. The stock price is currently $70. If you owned 200 shares of WayCo, what was your percent return?

• A) −6.67 percent
• B) −2.67 percent
• C) 4.00 percent
• D) 4.29 percent

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Definitions:

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicative of the product's sensitivity to price changes.

Availability of Substitutes

The presence of alternative goods or services that consumers can switch to when prices rise or quality decreases, affecting market demand and competition.

Bus Service

A public or private system offering regular travel on established routes by buses for the transportation of individuals.

Bus Fares

The charges levied for traveling on a bus, typically based on the distance or zones traveled.